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Market Overview of Global Magnesium for Supplements market:
According to our latest research, the global Magnesium for Supplements market looks promising in the next 5 years. As of 2022, the global Magnesium for Supplements market was estimated at USD 100.68 million, and it's anticipated to reach USD 138.5 million in 2028, with a CAGR of 5.46% during the forecast years.
Magnesium is a mineral that is important for normal structure in the body. People get magnesium from their diet, but sometimes magnesium supplements are needed if magnesium levels are too low.
Magnesium supplements may improve a number of health markers, such as muscle soreness, digestion, blood pressure and blood sugar control. It may also reduce your risk of health conditions such as heart disease, migraine, and depression. The report mainly studies Magnesium for Supplements market.
The overall impact of the epidemic on the Magnesium Supplements market
Coronavirus disease has spread to almost every country in the world. This is a fatal disease that affects many people in an unprecedented way. The World Health Organization (WHO) announced emergency medical care and issued many guidelines to control its spread. In many countries, governments imposed blockades in the first half of 2020.
The spread of coronavirus has brought a lot of confusion to people in the treatment process. Novel coronavirus's disease will have adverse effects on patients with chronic diseases and the elderly. In addition, under the worry of epidemic situation, people's health awareness has further increased, which has promoted the online sales market of Magnesium Supplements to a certain extent. Thereby having a positive impact on the Magnesium for Supplements industry.
The overall impact of the epidemic on the Magnesium for Supplements market
Judging from the production situation of products in the Magnesium for Supplements industry, the production difficulty is increased. It is mainly the shortage of upstream materials and employment in enterprises, and the price of raw materials for products in the Magnesium for Supplements industry will also face price increases. However, the marketing price of products in the Magnesium for Supplements industry tends to decline due to the decrease of market orders and other reasons. It can be seen that this epidemic is extremely unfavorable to the development of the Magnesium for Supplements industry, which is facing the severe challenge of increasing production cost and sluggish market.
In the face of this epidemic situation, the main countermeasures that enterprises in all links of the industry chain of Magnesium for Supplements need to take are to pay real-time attention to the epidemic situation and industrial information trends, and make overall arrangements for various tasks according to the situation. Enterprises should also pay attention to equipment maintenance, personnel organization and management and other aspects of production preparation. At the same time, industry market operators should pay more attention to increasing investment in e-commerce and developing network market to expand sales channels.
Release of consumer demand
With the accelerating process of urbanization, the pace of life of residents has become faster, and the pressure of work and life has also increased, which is easy to induce various diseases. Because of the busy work, more and more people choose to eat out or "take-out". The diet is characterized by high oil, high salt, high sugar, meaty meat and less vegetables, which not only increases the burden on the stomach, but also easily lacks nutrients rich in vegetables such as vitamins. Therefore, taking Magnesium Supplements to prevent diseases and help digestion is becoming increasingly important.
In addition, consumers' demand for Magnesium for Supplements is gradually subdivided, and different groups of people have different health needs. The function of Magnesium for Supplements is refined: the elderly pay more attention to cardiovascular health and sleep products; Children's needs focus on bone products and educational products; Pay attention to male liver and kidney maintenance and sports nutrition supplement products; Women pay more attention to fat-reducing and shaping products and beauty products. This gives the Magnesium for Supplements enterprises the opportunity of differentiated development.
Limitations on the use of magnesium for supplements
Magnesium supplements may not be safe for people taking diuretics, heart medications or antibiotics. When taken in very large amounts, magnesium lactate, as a medicine, is potentially unsafe. Large doses might cause too much magnesium to build up in the body, causing serious side effects such as irregular heartbeat, low blood pressure, confusion, slowed breathing, coma, and even death.
Competition in the industry is fierce
For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The Magnesium for Supplements industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.
Region Overview:
Geographically, North America held the largest market share - 36.22% in 2022.
Company Overview:
Dr. Paul Lohmann is one of the major players operating in the Magnesium for Supplements market, holding a share of 6.55% in 2023.
Dr. Paul Lohmann
Dr. Paul Lohmann® has been able to establish and maintain its leading position as an international manufacturer of Mineral Salts that meet the highest quality standards reliably serving the pharmaceutical, food, nutritional supplement and cosmetic industries.
Shijiazhuang Donghua Jinlong Chemical Co., Ltd
Shijiazhuang Donghua Jinlong Chemical Co., Ltd. (SDJC) is located at Number 100, Hua Gong Zhong Road, Shijiazhuang Chemical Recycling Industrial Park. Covering an area of 390,000 square meters, SDJC produces mainly Donghuajian' industrial grade glycine, refined glycine, Hydantoin, Calcium glycinate, Zinc glycinate, Ferrous glycinate, Magnesium glycinate, and downstream derivatives.
Segmentation Overview:
By type, Magnesium Glycinate segment accounted for the largest share of market in 2022.
Magnesium Oxide
Magnesium oxide is an inorganic salt of magnesium formed with ions of magnesium and oxygen. It's one of many forms of magnesium available for purchase in supplement form. It's added to dietary supplements as well as over-the-counter medications used to treat constipation, indigestion, and headaches.
Magnesium Citrate
Magnesium citrate is an over-the-counter magnesium preparation made with a combination of salt and citric acid. Magnesium citrate is sometimes described as a "saline laxative" because it effectively works to relieve constipation and clear out the intestines, thanks to its abilityto increase water and fluids in the small intestine. Magnesium Citrate - Magnesium citrate is one of the most popular and easily absorbed forms of magnesium in magnesium supplements on the market today. This form of magnesium binds to citric acid, which leads to a smaller amount of elemental magnesium per capsule.
Magnesium Chloride
Magnesium chloride is a type of salt used as a nutritional supplement. Magnesium chloride may improve health by increasing the amount of magnesium in people with low levels of it. Magnesium chloride is well absorbed in the body. It is also used in oil to be applied topically.
Magnesium Glycinate
Magnesium glycinate is one type of magnesium supplement that is available to increase levels in people who can use more magnesium, including those with anxiety, diabetes, heart issues and pain. It consists of the mineral magnesium bound to the amino acid glycine. It's considered to be one of the most effective types of magnesium supplements due to its bioavailability plus it's also fast-acting, generally well-tolerated and unlikely to cause loose stools (diarrhea).
Magnesium Malate
The health benefits of magnesium malate derive from the magnesium content. So, the malate just functions as the mineral carrier and helps the intestines absorb the magnesium better. This particular formulation of magnesium may be helpful for conditions related to over-excitation of the neuromuscular system, including chronic fatigue syndrome and fibromyalgia.
Magnesium Taurate
Magnesium taurate is one of the popular magnesium supplements and is quite effective in blood pressure regulation. Unlike other magnesium supplements, magnesium taurate is laced with taurine, an amino acid. The Magnesium Taurate benefits are unique.
Application Overview:
By application, the Digestion segment occupied the biggest share from 2018 to 2022.
Muscle Soreness
Magnesium blocks the calcium channel, preventing an excessive increase in intracellular calcium levels, which reduces muscles cramping spasm. The most consistent, effective and easiest way to improve your magnesium levels is to take a magnesium supplement regularly.
Digestion
During digestion, three primary digestive enzymes turn food into nutrients that can be absorbed and assimilated by the body. Magnesium plays a role in numerous enzymes systems throughout the body. A few of these processes include energy production from protein, carbohydrate, and fat metabolism.
Mood and Sleep
Magnesium supports the relaxation journey by activating the parasympathetic nervous system. The main job of the parasympathetic nervous system is to help you get relaxed and feel calm. Another way that magnesium facilitates better sleep is by maintaining healthy levels of GABA. GABA stands for gamma-aminobutyric acid, it's a neurotransmitter that promotes sleep.
Heart Health
Muscle cells in your heart and blood vessels have ion transport channels that move ions like sodium, potassium, and calcium into and out of cells, causing muscle contractions. Magnesium is necessary for this ion pump to work and helps keep the heart pumping with a regular rhythm. Magnesium can decrease blood pressure and decrease the risk of type 2 diabetes. Magnesium decrease the risk of heart disease.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Magnesium for Supplements market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Magnesium for Supplements Market Report:
Market Size Estimates: Magnesium for Supplements market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Magnesium for Supplements market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Magnesium for Supplements market
Segment Market Analysis: Magnesium for Supplements market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Magnesium for Supplements market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Magnesium for Supplements Market: Revenue and sales volume of major countries in each region
Magnesium for Supplements Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Magnesium for Supplements market in major regions.
Magnesium for Supplements Industry Value Chain: Magnesium for Supplements market raw materials & suppliers, manufacturing process, distributors, downstream customers
Magnesium for Supplements Industry News, Policies & Regulations
Key players in the global Magnesium for Supplements market are covered in Chapter 12:
Novotech nutraceuticals
Dongtai Food Ingredients
Vasa Pharmachem Pvt.
Shijiazhuang Donghua Jinlong Chemical Co., Ltd
Yunbo Chemical
ICL Group
Isaltis
Dr. Paul Lohmann
Jungbunzlauer
Adani Pharma
Global Calcium
Gadot Biochemical Industries
Xinyang Chemical Co., Ltd.
In Chapter 2 and Chapter 15.1, based on types, the Magnesium for Supplements market from 2018 to 2028 is primarily split into:
Magnesium Oxide
Magnesium Citrate
Magnesium Chloride
Magnesium Glycinate
Magnesium Malate
Magnesium Taurate
Others
In Chapter 3 and Chapter 15.2, based on applications, the Magnesium for Supplements market from 2018 to 2028 covers:
Muscle Soreness
Digestion
Mood and Sleep
Heart Health
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Magnesium for Supplements market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028